If you or one of your family members got arrested, the first thing that will come into your mind is paying the bail to avoid jail time. However, it is your first time and does not know anything about how does it work. Now, the question is, how much do you need to pay the bail bonds in Jacksonville, FL?
Bail and Bail Bond
First, let us understand what bail is and how it is different from bail bond. Bail is an amount of money that works as insurance between the defendant and the court. Defendants can pay their bail in cash, but, most cannot do this as bail is often expensive.
A bail bond is a class of surety bond offered by a surety bond company via a bail agent or Bail Bondsman. Defendants who cannot pay the bail themselves should call a bail agent or Bail Bondsman to post the bail for them to avoid jail time.
Two Types fo Bail Bonds
Criminal Bail Bond: this type of bail bond is used in criminal cases to ensure the appearance of the defendant when summoned by the court. It also guarantees the payment for any penalties or fines that are going to be charged to the defendant loans for blacklisted online approval loancaster.
Civil Bail Bond: this is for civil cases and serves as a guarantee payment for the debt, including costs and interest, assessed against the defendant.
How Much does a Bail Bond Cost?
Once the judge set bail, and the defendant cannot post it on their own, the defendant needs a bail bond through a Bail bondsman. For the bail to be posted, the defendant needs to pay the 10 percent of bail amount to the Bail bondsman.
The Bail bondsman will then get collateral from the defendant in the form of a house, jewelry, car, etc. If in any case that the defendant does not have enough property for collateral, the Bail bondsman might ask the defendant’s relatives or friends to help in covering the bail. Once it is settled, the appearance of the defendant on the court will tell what would happen next.
If the defendant appeared on court, whatever the conclusion is, the court will dissolve the bail bond. The collaterals collected by the Bail bondsman will be returned to the defendant, and 10 percent cash will be kept as a profit.
On the other hand, if the defendant failed to appear in court, the bail bond is forfeited. The court will require the bail to be paid, and the Bail bondsman will use the defendant’s collateral to pay for it.
Bail Bond Fee Explained
Let’s say the court set a $20,000 bail for a defendant, and the person wishes to be released but he does not have the amount available at that moment, he needs to call a Bail bondsman to settle or post the bail bond for him.
The Bail bondsman will require him to pay the 10 percent, which is $2,000 to settle the bail bond for him, and then he can be released from jail. The remaining $18,000 of the bail, the Bail bondsman will get it from the collateral from the defendant.
If the defendant is present to all court dates, the Bail bondsman will not get any more money, and the bail bond gets dissolved at the end of the defendant’s case. The defendant would get $18,000 in collateral back while the $2,000 will go the Bail bondsman as a profit.
However, if the defendant failed to attend all the court dates, the Bail bondsman would have to pay the $18,000, and he will use the defendant’s collateral. On the other hand, if the defendant posted the $20,000 in cash, he will get the full amount he paid at the end of the case, no matter what the outcome is.
Things to Remember Before Getting a Bail Bond
Keep in mind that the defendant’s collateral is at stake once the bail bond was posted. It is crucial for the defendant to appear in all court dates to get this collateral back. It is also important to remember to get a reliable and experienced Bail bondsman who can respond as quickly as possible. A good bondsman should be able to assist you through the whole process.
Duane Lee Chapman is one of the best bail bonds in Jacksonville, FL with over 30 years of experience. They are available to attend to calls 24 hours a day, seven days a week, and this includes holidays. They can keep your information confidential and will help you throughout the process.